Exhibit 10.49 NEW RESTRICTED STOCK BONUS GRANTS TO EXECUTIVE OFFICERS UNDER THE OPENWAVE SYSTEMS INC. 2001 STOCK COMPENSATION PLAN The following grants were made using the form of Restricted Stock Bonus agreement filed as Exhibit 10.2 to the Company's Annual Report on Form 10-K filed on September 30, 2002. Grant Number of Vesting Participant Date Restricted Shares Schedule ----------- ---- ----------------- -------- Steve Peters 4/29/03 200,000 50% of the shares on 4/29/04, and an additional 1/24th of the shares monthly thereafter beginning on 5/29/04 Joshua Pace 4/29/03 75,000 50% of the shares on 4/29/04, and an additional 1/24th of the shares monthly thereafter beginning on 5/29/04